After President Donald Trump declared the U.S.-Iran memorandum of understanding finished, American forces launched a second wave of strikes on Iranian targets, hitting infrastructure tied to naval operations in the Strait of Hormuz. Iran has threatened retaliation, and Israel has heightened its military readiness in coordination with Washington. Amid this escalation, U.S. Defense Secretary Pete Hegseth canceled a scheduled trip to Israel, which Prime Minister Benjamin Netanyahu acknowledged but indicated the cancellation could hint at broader developments. His remark highlights uncertainty around U.S. intentions as the crisis widens, with regional mediators urging restraint and the global economy facing risks from potential disruption of oil shipments through the strait.